The Mizoram Protection of Interest of Depositors (In Financial Establishment) (Amendment) Act, 2011

General20114 sections

This amendment updates laws regarding financial establishments in Mizoram, ensuring they transparently report to authorities and maintain deposits. It defines deposit and financial establishment more broadly and requires regular filings with regulators. By strengthening oversight, it protects depositors by enabling quicker government action when institutions fail to repay amounts, pay promised interest, or provide services. This measure aims to build confidence in financial dealings across the state.

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0. Preamble
1. Short Title and Commencement :
2. Amendment of Section 2
3. Amendment of Section 3 :

PDF: pending for this language.